RWA Wealth Partners LLC Sells 108,703 Shares of Prologis, Inc. (NYSE:PLD)

RWA Wealth Partners LLC trimmed its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 91.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,036 shares of the real estate investment trust's stock after selling 108,703 shares during the quarter. RWA Wealth Partners LLC's holdings in Prologis were worth $1,061,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp purchased a new position in Prologis in the fourth quarter valued at about $26,000. Crowley Wealth Management Inc. acquired a new stake in shares of Prologis during the 4th quarter valued at about $27,000. Centricity Wealth Management LLC bought a new stake in shares of Prologis in the 4th quarter valued at approximately $30,000. Dunhill Financial LLC grew its stake in shares of Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 182 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Prologis in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on PLD. Robert W. Baird increased their price target on shares of Prologis from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Baird R W upgraded shares of Prologis from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Wolfe Research cut their price objective on Prologis from $135.00 to $128.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. BTIG Research decreased their price target on shares of Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Finally, Raymond James reiterated a "market perform" rating on shares of Prologis in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Prologis presently has an average rating of "Moderate Buy" and a consensus price target of $128.78.

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Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total value of $1,305,783.78. Following the completion of the transaction, the executive now owns 7,977 shares in the company, valued at $947,188.98. This represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company's stock.

Prologis Trading Down 9.7 %

PLD traded down $10.92 during mid-day trading on Thursday, hitting $101.43. The stock had a trading volume of 7,612,428 shares, compared to its average volume of 3,940,798. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $132.57. The firm has a market capitalization of $94.01 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The stock's fifty day simple moving average is $117.61 and its 200-day simple moving average is $115.95.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This is a positive change from Prologis's previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a yield of 3.98%. Prologis's payout ratio is currently 101.00%.

Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.